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CNBC
Dec 20, 2012 11:00pm EST
. john in california. >> caller: booyah, jim, from the sacramento valley of northern california. >> what's going on? >> caller: anyway, i got -- i noticed some activity in the house building around here back around northern california, sacramento valley. my play is berkshire b. what do you think of that? >> i think it actually made sense. i campaigned for that to be a housing and insurance company stock. i think you're dead on, i think it's a great buy. i think you're getting them pretty cheap if i do say so myself. keep one eye on the paralysis in washington and one on the companies no longer waiting to be act. there's money to be made just being a shareholder. get out of those bond funds. they're going to crush you. find some good stocks. >>> coming up, trend spotting? tonight cramer's got the exclusive interviews you need to catch the market's next hot trend. first, wall street's been taking a bite out of apple but tech manufacturer jbil lit up the ticker today. is it charged for a run in 2013? then, as hiring picks up in the u.s., could paychecks help you cash in? and with t
CNBC
Dec 5, 2012 11:00pm EST
, texas, california, florida, the sun belt, the west, the good tax climates, the good business climates, places that benefit from immigration, migration, baby boomers, et cetera. >> well, that's important because one of the themes we've been hitting on is there's some things that can trump even what washington's done. meaning that they could set us back, but you've got some stories in here about areas that are just terrific where your development pipeline is and the strong balance sheet obviously. but it looks like you are in the genuine actual growth areas demographically. so that can't be rolled back by washington. >> agreed. that's where, you know, we have wanted to focus our portfolio into basically about 12 states from washington state through washington, d.c. all those coastal and border states, plus las vegas, which surprisingly is a very good market for us and denver. >> see, i think people are misinterpreting. we had a fellow on from city national in california yesterday, people don't get it, california and nevada, florida are really coming back and that's where the growth is a
CNBC
Dec 4, 2012 11:00pm EST
down sharply. and pricing is moving up in california, nevada, arizona all things we learned from the luxury home builder toll today. oh, that's fine. they leave out the most important fact that i hadn't heard from anybody, let alone toll brothers before. demographic play, how the company's chairman talked how demographics are going to take over. household formation is unnatural but because of the great recession. now at least it's picking up. there should are several new home buyers out there because of pent-up demand. well, from the delay of creation of new families, which is highly unusual in a country like america. what makes that so special? the fiscal cliff could be a big deal for sure. but what could trump the fiscal cliff, study this. it's the need to get out of your mother-in-law's house. get your own home. intuitive concept for those, when you think about it. we got to break here as toll brothers actually down on the news today because the market's so darn tough. i expect downgrades tomorrow from people who don't believe things can stay this strong and that could be your
CNBC
Dec 4, 2012 7:00pm EST
jumping ship. and is there a republican doom's day scenario developing? a southern california port strike is costing $1 billion a day. they are turning down $190,000 salaries. here is the question, will the president end this strike? and tens of thousands of egyptians storming the palace. is egypt about to blow up into a civil war. did president obama disspeaker john boehner in a comment today. >> on the conservative side of the republican party today. with senator demint speaking on the idea that $800 billion of tax increases were offered. but he got the backing of mitch mcconnel. take a listen to what he had to say. >> i think it sis important tha the house leadership is trying to mov move it forward. i had hoped that we would be accomplishing more in the real talks. but i can tell you, there is nothing going on privately that is not going on publicly. even as he has to deal with this rebellion. he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it
CNBC
Dec 27, 2012 4:00pm EST
combining the new it had factioncates and california rates. if you live in california, effectively dividends of a california company with a california owner is going to be taxed 74%. that's crazy. >> better to see companies leaving california as their tax domicile? >> companies leaving, people leaving, but more importantly companies have a price of paying dividends? those making the checkses are all in the highest tax rate. you reduce the income in the equity markets. >> again, we're talking worst case scenarios in this point of these effective tax rates that are possible certainly. i'll give you that, but don't we really expect the rates too-to-go up a lot less than that as congress comes together and compromises on these very consentious issues? >> right now congress, the 20% rate plus the 3.8% rate on -- on the health care reform, that's still widening the debt bias. what happens when you widen the debt bias? companies leverage more. companies that are leveraged companies they invest less and create less jobs. >> yeah, go ahead. >> finally, investors get hooked into debt securit
CNBC
Dec 23, 2012 11:00pm EST
large well-known companies have quietly bought and are testing bloom boxes in california. like, fedex. we were at their hub in oakland the day bloom installed their boxes, each one costing $700,000 to $800,000. one reason the companies have signed is that in california, 20% of the cost is subsidized by the state, and there's a 30% federal tax break because it's a green technology. in other words, the price is cut in half. >> we have fedex. we have wal-mart. >> you have wal-mart? >> absolutely. >> staples? >> staples. >> so who was the first? >> google was the very first company. >> google was the first. >> yes. >> these four units have been powering a google data center for 18 months. they use natural gas, but half as much as would be required for a traditional power plant. k.r. told us that three weeks in at google, suddenly, one of the boxes just stopped. >> your heart just drops. >> did you panic? >> for a short while, yes. >> he fixed that. then there was another incident. >> the air filters clog up, and air is not coming into the system because the highway is kicking dirt.
CNBC
Dec 4, 2012 6:00pm EST
today that i'm right. the rates remained too low. and pricing is moving up in california, nevada, arizona all things we learned from the luxury home builder toll today. that is fine. but what i hadn't heard is a demographic play, how the demographics are going to take over. household formation is unnatural and because of the great resection. well, from the delay of creation of new families, which is highly unusual, what makes that so special? the fiscal cliff could be a big deal. i'm going to put it in an amusing way, it is the need to get out of your mother in law's house. pretty intuitive concept when you think about it. we have a break here. because the market is so darn tough. and that could be your chance for the analysts. here is the bottom line. we need hope to be van switkwis. he so that it is so negative. have them leave the room. and we can return to the growth themes and they are autos and homes. by them on the way down and never on the way down as the scared sellers buy them out. you can take your time. who the heck knows when and from what level you can get back in.
CNBC
Nov 30, 2012 11:00pm EST
week of january when it should lift. let's go to ramon in california. ramon >> caller: hey, jim, boo ya, baby, calling you from riverside county but born and raised in the san fernando valley. i'm a frequent watcher, jim. thank you for all that you do. >> thank you for that. that is a -- go ahead >> caller: my question is with the recent news of a possible takeover on walter energy, what is your stance, sir, on the possible buy on the stock. >> i cannot recommen aon e wa l'so cko ora.o 1 le y, m, rll i see where the earnings on tether pharmaceuticals has been reduced. i wonder what you think the future of the stock looks like. >> sunshine that stock was down about 1.70 when that news came my take iso 1 d'tikitf1 and then sell sell sell. >> caller: a big booyah from bucks county, pa. >> that's where i lived for a long time. what's going on? my question is with the recent news of a possible takeover on walter energy, what is your stance, sir, on the possible buy on the stock. >> i cannot recommend anyone buying stock on a takeover basis when i think the fundamentals are not going
CNBC
Dec 5, 2012 12:00am EST
view, california. >> paul jobs was a salt of the earth guy who was a great mechanic, and he taught his son steve how to make great things. and he--once, they were building a fence, and he said, "you got to make the back of the fence, that nobody will see, just as good-looking as the front of the fence. even though nobody will see it, you will know, and that will show that you're dedicated to making something perfect." >> jobs always knew he was adopted, but it still had a profound effect on him. he told isaacson this story from his early childhood during one of their many taped interviews. >> now, i was--remember, right here on the lawn--telling lisa mcmoylar, who lived across the street, that i was adopted. and she said, "so does that mean your real parents didn't want you?" ooh, lightning bolts in my head. i remember running into the house. i think i was probably crying, asking my parents, and they sat me down, and they said, "no, you don't understand." they said, "we specifically picked you out." >> he said, "from then on, i realized that i was not just abandoned; i was chosen.
CNBC
Dec 13, 2012 1:00pm EST
stalemate? if they do, joining us from capitol hill, maxine waters, democrat from california. soon to be the ranking member of the house committee on fanl services. she will be succeeding representative barney frank as ranking member there as he retires. ms. waters, good to have you with us. >> thank you. delighted. >> i with a just asking aemon if he thought that tenor of the negotiations darkened over the last 48 hours with regard to the fiscal cliff. do you agree with that? >> i don't know. but i do know we haven't made any progress. from time to time, we've heard encouraging words but then the next day when it is time to report out what happened, nothing has happened. it does not appear that there have been any changeets, any progress has been made. so, as is being said, a moment ago. members of congress are prepared to be here during christmas holidays if we have to. >> when members go home for the weekend, back to their district, many traveling at taxpayer expense during this kind of environment, the optics are not particularly good. does that resonate with you, congressman w
CNBC
Dec 7, 2012 7:00pm EST
same-sex marriage, agreeing to hear challenges to the federal defense of marriage act and california's proposition 8. nbc's pete williams joins us now from washington with all the latest details. good evening, pete. >> reporter: good evening, larry. the vilma case is the easier one. federal law signed into law by president clinton in 1996. it says if a person is legally married in a state, the federal government can't recognize those marriages. that's where you talked about federal benefits heterosexual couples get and same sex couples do not. the prop 8 thing is bigger. while potentially it's confined to the state of california only, the question it out there having given the right to gay marriage could the state then take it away through proposition 8 passed by a majority of the vote nurse 2008. having taken that case, the court could get to the bedrock issue. can any state refuse to let same sex couples get married under the federal constitution. it could potentially be narrow or very far. >> pete, as i understand it, let me ask you. this one of these things, maybe the driving one,
CNBC
Dec 21, 2012 6:00pm EST
slea difference last yearose for thousands of california foster kids. thank you for helping foster kids. thank you for the school supplies. thank you for the new shoes. thank you, secret santa. and thank you for donating money. your generosity proves that while not everyone can be a foster parent, anyone can help a foster child. - thank you. - thank you. gracias por su ayuda. thank you. >>> sometimes when a company stumbles, a strength of underlying themes take tibco. back on december 5th, tibco did drop the ball. company preannounced a downside. credit where credit is due, they didn't make excuses. they said their sales force didn't do a good enough job. days to follow it wasn't so strong. normally after negative preannouncement my rule of thumb is to stay away for a couple quarters to see if management has a handle on things. results were slightly better than expected which is why the stock jumped up 1.62. up 14% from where it was in wake of the reannouncement. if you bought the stock the last time ceo was on in july, you have lost 19%. let's check in with vivek ranadive, founder
CNBC
Dec 18, 2012 11:00pm EST
go to mike in california. >> booyah from san luis obispo. i'm a first time caller. thank you for making it about the market. i bought hca. >> i think the situation is getting better. if i want healthcare i would prefer to be in bristol myers. i like to sleep at night. i understand why hca people are coming back because of health care. ed in new york. >> thank you for taking my call. i was wondering about groupon as a speculative play. >> i'm wondering about what deal they gave me today. they have a lot of deals i'm not crazy about. my take is that it is not a great stock. it could rally. let's go to randal in california. >> hello mr. cramer. sandridge permian trust. thank you for introducing it on your show. >> i was going over these oil trusts. we know that every single one of them is going down. people are saying that sand ridge is having a tough time. and that is the conclusion of the lightning round. >> coming up gold mine? the world is demanding more resources than ever. the need to keep these workers safe is paramount. cramer is revealing the company with the solution just
CNBC
Dec 27, 2012 1:00pm EST
believe that there are a lot of democrats in states like california, virginia, florida, in the senate and the house who don't want to see those defense cuts either because, boy, those are big employers. let me grill on one thing and that is this, tax rates are scheduled to go up anyway next year because of surcharges on medicare and a payroll tax surcharge because of obama care, am i right on that? >> you're right. if you look at it, incomes are really going to go back to where they were during the meltdown. the american economy will not have moved forward for many households. >> and the payroll tax holiday will end automatically. an immediate 2% cut to disposable take home pay. thank you, michelle? >> you say sequester, i say sequester. let's call it all off. >> the dow is trying to hold onto the 13,000 level. let's see if it can hold by 113 points. 13.79 as it grows increasingly clear that they may not, probably cannot get it done. hamilt hampton pearson is here. >> we're down to, if you will, coffee cup politics. two simple words, rise above, on coffee cups and on cups of coffee at
CNBC
Dec 28, 2012 2:00pm EST
, we're regional chains, so in california, you know, we are -- our california taxes are also 10% so if you bump us from 39% -- from 36% to 39 plus the ten it's 50% so every day you work for yourself and the next day you work to pay taxes, but you're talking about the payroll increase, if i'm not mistaken. yes, that will be significant for a lot of people and they will think about it. we're hoping because we're a casual restaurant and our price point is right in that sweet spot, that we'll be able to capitalize. however, i think people are going to think twice about going out. they are. they are going to think about it. >> you know, david, you told me when you gave meet tour and i appreciate it had that you went through some hard times in the financial crisis after 2008. you had to lay people off, but you're bringing them back in. things are just starting to get better. >> right. >> are you back to pre-recession levels overall? >> right now we are, but with uncertainty -- with consumer spending that may affect the levels because if retailers aren't shopping at the big box stores, their
CNBC
Dec 28, 2012 1:00pm EST
something else. jane wells live until sunny southern california. jane. >> hi, tyler. one of the best things about being in the malls, there's no more christmas music. up next, we've been talking about returns. how many returns to retailers are fraudulent, and are you still getting hurt because someone you gave a gift to didn't like it. get over it. everyone else has. we'll have that after the break. . they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. [ male announcer ] glucerna hunger smart. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more peo
CNBC
Dec 26, 2012 4:00am EST
confident. start with the web site of the stock. to darrell in california, please. darrell? >> caller: yes. boo-yah, jim cramer. >> boo-yah! >> caller: i have a question there. what is meant by a reverse split stock? >> that means if there's a million shares, you know, say they do a 3-1, you know, they get to 300,000 shares. what is typically gone, ci citigroup did it. if you have 300 billion shares, you divide by three, you get 100 billion. it does raise the price, but it's illusory. you just have fewer shares. tyler in florida, please? tyler? >> caller: i'm going to give you a south florida boo-yah. >> i'll take that. i need to go there now. always. what's up? >> caller: sun is shining -- actually, no, it's overcast. quick question. when you talk about the economy, you know, really booting off again, it seems like you talk about it in terms of consuming and not producing. i'm thinking from the way i think about it, you need something to be produced before it's consumed. i'm wondering why -- in terms of a growing economy you talk about consumption instead of production. that's what i
CNBC
Nov 30, 2012 7:00pm EST
our teachers so they can inspire our students. let's solve this. for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. >>> a front page "wall street journal" story today explains how companies are scrambling to offer deals and special dividends as the january 1st tax threat of the fiscal cliff nears. 173 companies have moved up their dividend payments to beat the tax man. private equity shops, venture capital assets and even block traders on wall street are changing their behavior. so please, don't tell me that tax rate incentives don't matter. we're looking at it before our own eyes right now. let's talk about this. nbc contributor and former presidential candidate howard dean, steve
CNBC
Dec 3, 2012 9:00am EST
every purchase, every day! what's in your wallet? for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. ♪ candle is burning low ♪ lots of mistletoe ♪ lots of snow and ice everywhere we go ♪ >> a bright spot for one u.s. car maker. chrysler says the u.s. sales up 14% last month. that's best month since 2007. sales were up over 32% from last year. we'll get gm at 10:00. we're talking 4 1/2 to 5-year highs for all these guys. >> you have a combination of 11 year old age of autos, destruction of -- by the way, sandy was an auto destroyer. loss of life. horrible. terrible. it also took out many more cars than people realize. you have to pump overtime to be meet the demand. >> we're
CNBC
Dec 6, 2012 6:00am EST
that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had seen the line of buss that basically was a wall of about 60 buses, they get precedence to go in, and then like 16 other lanes getting down to one to go into the tunnel, and you're just sitting there, like no within in the world does this. >> i got stuck in a broken down truck in the holland tunnel last night. it's amazing how fast they get that truck up and out. >> they better because there are fumes and everything else. but if you try to go from pasadena at the wrong time i
CNBC
Dec 17, 2012 2:00pm EST
on the shelves saturday and sunday. to herb's point it's worst when you go to california or the carolinas. and you take out inflation with walmart doing half business in food adjusted for inflation, walmart sales are neutral than negative. >> before we build suspense, we're going to save you for last. you've got to make it good for us. stacy, what would change your mind about target being your pick? what would move you to the walmart camp? >> i have to say that we know walmart's been reinvesting in price. and so far that hasn't really paid off in terms of the traffic. it was barely positive last quarter. i would need to see that change. in terms of target, i just like what they're doing. they're thinking out of the box. they're doing the teamups whether it's with nate berkus or sony. >> what say you? as we were saying before, we've got three picks for target. are you going to be the one that says no? >> yes, i am. and i'm relieved i'm not agreeing with herb. i'm less relieved i'm not agreeing with bert and stacy. however, i am a walmart fan. i think walmart made some horrible mi
CNBC
Dec 27, 2012 6:00am EST
kids in school or something. i'm from -- let's say you're from california. i want to help a single mom in california with a medical need. you can target who you give to. >> i would have thought you could have got in donations to cover your overhead. right now, what, 82 bucks for every 100 is going to -- to help people, but that other money, obviously, is being held back and i'm thinking to myself, is there a different -- >> as a 501(c)3 you're very limited to we wouldn't be able to target who you help. you can't earmark gifts in a 501(c)3. you put the money to a pool and hope it gets distributed to family in need and you're not sure whether it gets paid to an executive to get a car. you don't know where your money goes. >> gentlemen, thank you. fascinating and great work. we appreciate you coming in. >> thank you. thank you very much. >> hope you'll check out the site. >> givelocally.net. so coming up, we're going to head the chairs and talk about the stories grabbing our attention this morning. perhaps even a little annoying orange when we return after the break. you know how to mix b
CNBC
Dec 3, 2012 6:00pm EST
can own it and if they get a bid -- josh in california. josh? >> caller: all right, mr. cramer, how are you today? >> how about you, josh, what's going on? >> caller: let's do three kickers real quick. cxw, smith and wesson, swhc and ruger, rjr. how they correlate with the upcoming administration, existing administration. >> i'm not going to put corrections, it's a contract company. it depends on what states are doing what. i have said among sturm, among smith and wesson and among cabela's, i lump that in the one i like best is cabela's. yes, pistol. if it ain't broke, don't fix it. i'm a little cautious with google, okay. these momentum stocks still work, amazon, visa, mastercard, sherwin williams, ulta, gilead, diageo and then rear going to be a little more pricey on tractor supply and alexia, but they all belong in 0 a year-end shopping list and they can bounce, and bounce hard if we jump over the cliff. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actuall
CNBC
Dec 18, 2012 12:00pm EST
both exposed to housing. we have the best numbers out of california in six years. i think that's going to continue into 2013 and that's why i would be long both of these names into that. >>> coming up on "halftime ", a rough 2012. we're heading to the big board to give you the play on that and from a laggard, this year's biggest leader. financial, should you buy into the big bank run. "the halftime report" is back after this. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the hol
CNBC
Dec 22, 2012 4:00am EST
ginny in california. >> caller: one is what's happening with it and number two is i mistakenly put it in my i.r.a. before i knew we weren't supposed to. >> you're allowed to have a little bit. you have to go to your tax person on that. when you put it in, there's a limit before you get hit with that business tax. check that out. epd, they are all coming down. every single one is coming down. i want to buy. louis in maryland. >> caller: dunkin brands. >> i like it very much. i wanted to buy it for my travel trust recently but i own starbucks for that one. that's one that ginny mentioned at the top of the lightning round. brandon in oregon. >> caller: how are you doing today? >> it's a good day. how about you? >> caller: real good. my question is what are your thoughts on snap-on? >> it's one of my favorites. let's go to gregory in mississippi. gregory. wow, gregory. >> caller: thank you for taking my call, mr. cramer. my question is on company wr grace. it's had a good run this year. i was wondering your opinion. >> i have to save that one. i used to know grace and i'm not sure what
CNBC
Dec 10, 2012 6:00am EST
composure. we've come too far. there's too much to lose! >> plus, reaction from california republican congressman kevin mccarthy. >> this ain't over yet. >> and who has the best shot at getting twinkies back on the assembly line? we have the latest on the hostess saga as "squawk box" begins right now. >>> and good morning, welcome back to "squawk box" on cnbc i'm joe kernen along with becky quick. erskine bowles. erskine bowles will join us in just a minute of simpson-bowles, bowles-simpson, take your pick. futures right now this morning have been relatively weaker all morning long. things in europe, sort of setting the tone for the markets. here are your morning headlines. the planned resignation of mario monti, the italian prime minister, is what's weighing on european markets this morning. monti says he'll step down as soon as the 2013 budget is approved, and that sent stocks lower and borrowing costs in italy and spain higher. as you just heard from kayla, we were in chairs, ingersoll-rand is planning to spin off its technology business. the security technology business in a deal
CNBC
Dec 18, 2012 6:00pm EST
gave me today. my take is that it is not a great stock. >> let's go to randal in california. >> hello. we know that every single one of them is going down. people are saying that sand ridge is having a tough time. and that is the conclusion of the lightening round. >> coming up gold mind? the world is demanding more resources than ever. the need to keep these coworker safe is paramount. just ahead. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use
CNBC
Dec 2, 2012 7:30pm EST
minimize taxes to hit some people. high tax residents new york, california may find some of the deductibility of taxes is restricted. all of that is going to have a negative impact on consumption. we have seen the third quarter show that consumption increase is slower than expected. that's going to get accentuated as we go into the new year, which is why i think even if there is an agreement the impact is going to be quite negative. >> jim, you disagree. you call it a mole hill. what do you mean? >> i think it's sold as a cliff as if we're going to fall entirely off and have this massive fiscal tightening next year. what is more likely is a modest tax hike and spending cuts and most things extended and we live to fight for another day. i personally think we will have fiscal cliffs over and over the next several years. if you have a modest fiscal tightening next year, it's nothing new for the economy. we have had 1% for every year of the recovery. the deficit has improved by about 3.5% in the first 3 1/2 years of the recovery. so a little more modest fiscal tightening hasn't stop
CNBC
Dec 26, 2012 9:00am EST
previously horrendously weak spots. southern california is another area that had been hard hit. it definitely rebounded. >> at the same time, david, some of the cities that had, you know, fair to best during the downturn are now showing some weakness, chicago and new york, the only two cities with negative returns in the month of october. what's going on in those two markets? >> well, i think the first thing to recognize is what you pointed out. they didn't have the incredible boom going on. so they've been a lot more classic. those are markets where i think there are some other concerns related to local economic base. new york is highly dependent on financial services. and financial services, despite the stock market, have not been doing as well as they might. and have seen a lot of slowness. and rumors of layoffs. so there are areas that are a bit weak. even with those, i think on a national basis housing continues to be very solid. >> would you anticipate, david, seeing any sort of impact in sort of a higher income areas, in states, california, the northeast, because of the fiscal cliff? d
CNBC
Dec 31, 2012 5:00pm EST
jane on this one. >> all right. second, california's the largest farm state and i cover ag a lot. corn is going to $5 a bushel. and farmers who complain about the drought, even know yields were better than expected and they got top dollar for it, will not complain in 2013 there's too much corn, driving down prices but they will all still bile new trucks. melissa? >> i tell you what, since willie nelson and farm aid and john cougar mel land camp, the farmers have been stealing from us. i don't feel too bad for farmers. >> geez. >> wow. >> end of the year, tim. >> they're still getting subsidies. i'm sorry. >> farmer hate mail is going to run in. >> it's a matter of security, tim! food security! >> oh, yeah. i forgot about that. we can grow more corn. >> geez wiz. >> finally. a hollywood prediction. the upcoming exploitation of the birth of kim kardashian and kanye west's baby, aka kimye, will bring e entertainment its greatest ratings ever because of the shocker that the baby is going to look very familiar. >> oh! >> is it is milkman? >> only one night. >> it only takes one night.
CNBC
Dec 3, 2012 7:00pm EST
borders. has it intensified? yes. i'm from california. i understand what you're talking about. this is v-very difficult rhetoric that's been put against this particular people. but that's not the only question when we're talking about the latino community. >> star parker, thank you. i want to talk to you some more. we'll go back to the fiscal cliff. if high end tax rates are successful entrepreneurs rocket higher, you can bet the number of millionaires in this country is going south. that's if high taxes go up. millionaires go down. that's no good. in our land of opportunity, i want more millionaires. and i think the better for them and the economy. robert frank will join us with some very arresting numbers. high tax, fewer millionaires. not good. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more
CNBC
Dec 21, 2012 12:00pm EST
breakout? bill gurley of benchmark joins us live from palo alto, california. nice to see you back on the show. >> thanks for having me. >> all right. let's go first facebook. pretty remarkable comeback i'd say since those dreaded days of the ipo. i think you'd admit that. where does facebook go next? >> well, i think, you know, the obvious question everyone asks on your show and others is the mobile monetization going to come through and i think they're making progress on that front. i also think they'll be able to monetize identity going forward. i look at the gift program which i am quite bullish on as kind of their first attempt in that direction but i think you'll see many other products like that going forward. i've also heard from the -- our companies that are using facebook as an ad product that they're retargeting product which is a rather new product is actually starting to work really well. >> i know you are not exactly a stock picker in your former days you were obviously an analyst. i mean, when you look at facebook as well as you know the company, given the trajectory th
CNBC
Dec 31, 2012 12:00pm EST
joining us live from pimico headquarters in california. nice to see you, happy new year. >> thank you, scott. same to you. >> stocks and bonds returning less than 5%. unemployment remains 7.5% or higher. why so glum? >> well, you know, with bonds only yielding 1.7%, the 5% or less call is not hard there. i think stocks in 2013 depend on two primary things. one, real economic growth, which was 2% or less. and second of all, the fed. at this point ben bernanke isn't rumplestiltskin. even if this cliff deal is inacted, we'll say good luck in a month with the debt ceiling. in terms of the real economy and stocks, profits importantly have benefited tremendously in recent years from lower interest expense and low growth wage. so at some point the tail winds are going to end. >> you guys were expecting 5% in stocks for 2012, obviously the s&p 500 has done 11.5% heading into today with a whole slew of issues that have been facing us. has that surprised you what the market has been has resilient as it has been given a long list of laundry issues? it is not like your tune has changed here.
CNBC
Dec 7, 2012 6:00pm EST
because the business model's good. and i like fresh fruit. let's go to bob in california, please, bob. >> caller: boo-yah, jim. >> boo-yah, bob. >> caller: what's wrong with fan in it's down again today after their decent earnings report. is there a possible the new ceo's performance causing a wait and see attitude in spite a spectacular performance in sales and profits? unusual in many retail stocks to see many new store openings and healthy profits going on simultaneously. fran seems to be able to do it. >> i know. you know what? here's what we're going to do with fran, because i read the numbers, like you, i saw -- because i wasn't on the conference call. but i read the numbers. i said better than expected top line, better than expected earnings. how much will the stock be up? and the stock was down. what that means is i owe you an explanation and i will come up with one for fran next week. hope for the best. but when you're dealing with washish, prepare for the worst. pay close attention to the talk shows on sunday and the roundup monday. only washington would listen. here's my ca
CNBC
Dec 5, 2012 2:00pm EST
deficits in 2013. now we have been here before. this happened in california in 2 dhou 2001. capital gains boomed, then crashed. people front loaded their income when they expect it to go up, just like they're doing today. cap gains doubled to $52 billion, then the next year they crashed to $33 billion. the government struggled to fill that hole. the lesson here is that tax changes create huge spikes and crashes in revenue. now if governments understood this, we could plan for it but so far, brian, there is no evidence that governments, either state or federal, have learned this lesson. >> why is this so hard for us to figure out? you just laid it out. we've been here before. >> we've been here before. we've been here every decade we get to this point where we have this sudden artificial explosion in revenues whether from the market or tax havens. when governments get money they like to spend it. they like to pretend it is the new normal and they can budget along those lines but the temptation is to spend that money and budget around it. then suddenly we have 2013. >> remember world war i?
CNBC
Dec 31, 2012 2:00pm EST
we approach the midnight deadline. up to the second details from california coming up here. >>> then a while year for technology. if our experts are right, 2013 will be even more surprising. if you're an investor you cannot afford to miss their predictions coming up. all that and more when mandy and i see you at the top of the hour. dare i say this could be the most important trading hour of the year, mandy? >> i think you can dare to. thank you, bill. see you in a few minutes. the city's oldest bakery not staying open for one day more. while the 202-year-old shop is suffering from failing real estate prices. the landlord doubled the rent and says basically he is shutting down because he cannot stay profitable. kind of sad. all those people who have enjoyed his baguette for 43 years. >> maybe he can go to belgium. >> what can we expect for housing in 2013? let us bring in president of team investments. all right, tanya, what are you seeing how the there? give us your forecast. >> i would like to say we are going to see a lot of short sales but if the fiscal cliff is not averted, we w
CNBC
Dec 13, 2012 12:00pm EST
california, those housing numbers, highest in several years, that's a good sign. and all we've got to do is get harry reid and john boehner out of that alternativalit john mcafee is in because they seem to be living in that same weird world that that tech entrepreneur lives in. they've got to get and rise above, as we've said over and over again, they do that, this market's got a lot of gas to the upside. >>> on the way, judging big ben. where traders stand on the markets today after the fed chief delivers fresh thoughts on the economy. and r.i.m. shares trading at seven-month highs. can they continue to deliver returns to investors? >>> first, is the magic in the makeup for estee lauder? executive chairman william lauder gives us his read on holiday sales, the economy and of course the fiscal cliff gridlock. he's next up on "halftime." >>> "fast money" isn't just about a bull market. it could be going up, down or sideways. >> in the blink of an eye, everything changes. you've got to be able to surround the trade. >> we're all doing what we do for a living, and we're all together as a te
CNBC
Dec 5, 2012 7:00pm EST
to tell us is house majority whip california republican kevin mccarthy, the number three man. mr. mccarthy, as always, thank you for coming back on the show. can i get your comment on this letter, two dozen republicans, they're talking about tax rate flexibility along with a bunch of democrats. what's your take, sir? >> well, remember what they're saying here. what they're saying is that they're going to put everything on to the table. what we've been talking about for so long is where the president has been awol, this is a spending issue that we have a real problem with. we agree that we'll provide revenue, but we do not want to hurt a pro growth economy here. so it's how you go about it. that's why we think the rates have to be frozen. the other thing we're look at, the president says he wants a balanced approach. he hasn't talked about anything about where are the cuts of spending. and that's what we really want to talk about. >> just one more on this so called bipartisan letter that just came out this afternoon. we don't know all that much about it. i just want to ask you, is
CNBC
Dec 17, 2012 7:00pm EST
, republican darrell issa of california. chairman issa, as always, welcome, sir. the headline story here is that the nlrb is bias in favor of unions and their bosses. that's not a shocking headline. but i just wanted to hear some of your key points. what's your most important point in your investigation? >> i think one of the most important discoveries was that there were inappropriate rule violations, what they call ex parte discussions that went on where you actually have the political appointees and the consul who's prosecuting the case against boeing essentially having outside the public eye and ear communication. you also have e-mails that make it very clear that consuls, if you will, in some cases, non-political appointees, plus political appointees, are very biased in their view of what should happen, rooting for the labor and rooting against boeing. this discovery is what we think is a good example of what happens when you make recess appointments that do not go through confirmation, that are not, in fact, up to the task of heading an independent agency. >> tell me about the
CNBC
Dec 27, 2012 6:00pm EST
relayed the two. putting that off in a separate quadrant. tom in california, please, tom. >> caller: hi, jim. from sunny warm san diego, america's finest city. >> i like the dats. >> caller: i'm a financial adviser and longtime viewer who appreciates what you do to educate and motivate investors. >> thank you. >> caller: i'm wondering if you would share your objective criteria are for investors to use in determining best of breed. thank you. >> well, i've got to tell you, best of breed, start with record dividends and then i go to how a company has done and consistently in good and bad times, and, yes, for best of breed i actually look at the product itself. is the product i want to use, a bank i want to go to? is it, to use the danny meyer phrase, a great restauranteur, is it the one that's the most hospitable to share holders? anyway, new diversification. it's important. it's what we're preaching tonight. make sure your portfolio is home to some gold, a high yielder, okay. you need a growth stock. you know what, you need geographically safe area for one of them. i'll teach you how
CNBC
Dec 19, 2012 6:00pm EST
, jim, from southern california. >> lucky man. what's up? >> caller: i wanted to get your opinion on -- >> i'm not a commodity guy, i'm a proprietary guy, commodity business which by the way helped bring public while i was at goldman, and, i say buy ppg. let's go to ron in new jersey. ron? >> caller: boo-yah, buddy. >> liking that. what's up? >> caller: where do you see this new -- >> oh, i like it, mondelez, my charitable trust owns it. stephanie link was telling me this morning because we go over the portfolio, this is the one, this is the one, not general mills, not heinz, no mccormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that. >> caller: what do you think about american axle? you recommended that a few months ago, are you still hot on it? >> yes, i am. i think that is absolutely terrific. it's going to be big, the trucks port is going to be big. i like it. i want to own it. now let's go to emile in new york. emile? >> caller: hi, jim, how are you doing? >> couldn't be better. how about you, partner? >>
CNBC
Dec 11, 2012 5:00pm EST
questions about the surrounding s.e.c. probe, there were questions about the mine in california, so, i think people might be ultimately outside of, there's never, you know, consistency and some vision from the top, is what everybody wants to see and we don't exact lly know what wee going to get. this isn't necessarily bad news. i'm really saying, a stock that's run this much, for this kind of reaction, i'm just saying, this is not a huge reaction. >> we should be clear. the company did not say why mark smith, the former ceo, left as ceo. he just left, so. >> a lot of this has to do with the stock has collapsed since the beginning of the year. it's all out there. you have to be careful with these executives and the changes are being made. >>> coming up next, they are the tech trends you should be betting on for 2013. an all-star tech investor is telling you what to watch for and revealing the stocks that could help you play it. >>> still to come, america's role in the global emergency market could soon be in for a drastic change. we'll tell you why and what's at stake. stay tuned. [ mal
CNBC
Dec 24, 2012 9:00am EST
wells is in california. what's the scene like, jane? >> well, not much of a scene yet, melissa. the mall doesn't open for another hour. macy's, though, is open. you can't enter it from the mall, you have to enter it from the outside. i keep walking over to see if anyone's in here. other than employees. and i see two employees. no customers. so i'm not sure it's worth it. a lot of people are writing off this holiday as losing steam. but not piper jaffray, which said over the past week, quote, the holiday may actually home. comscore datas tracking ahead of expectations with a 53% jump in sales last week year over year, and that includes ecommerce. here at the mall, we are seeing sales, sales, sales. what does that mean for profits, profits, profits and margins? for retailers, it may be okay compared to a year ago when they were dealing with higher cotton prices. >> this year we've seen about half that cost retrace, or fall, and so you have an advantage with margins this year that we didn't see last year. we're actually looking for better margins year over year across the board. >> it's rai
CNBC
Dec 17, 2012 9:00am EST
saying... who helped make slea difference last yearose for thousands of california foster kids. thank you for helping foster kids. thank you for the school supplies. thank you for the new shoes. thank you, secret santa. and thank you for donating money. your generosity proves that while not everyone can be a foster parent, anyone can help a foster child. - thank you. - thank you. gracias por su ayuda. thank you. >>> busy week shaping up with futures currently up about 45. a lot of data on the way. got empire this morning. but later on in the week, housing numbers final q3 gdp. keeping a close eye on newtown, connecticut, our hearts and prayers going out to the victims there. remembering those who lost their lives at sandy hook elementary in newtown. >>> a moment of silence observed at the new york stock exchange. in remembrance of those who lost their lives in the newtown, connecticut, shootings. ♪ [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we'
CNBC
Dec 13, 2012 9:00am EST
california best home sales in six years. >> have we ever gone into a recession when the home -- when the housing industry, excuse me, is on an upswing? >>> it is a huge part of the u.s. economy. obviously, if you just look at the breakout, only 10%. but the spinoffs of housing, automotive, very good, both in bull market mode. i attribute a lot of that to what the fed has done. gave lot of credit to the fed, perhaps, but also feel the debate shifted yesterday in washington. i began to hear way too many people say, you know what the president is curiously unengaged when it comes to cuts. i have always felt the president had the upper hand in this debate. i listened to bernanke and bernanke says, listen, i know they aren't going to come to deal. i see a lot of republicans on air saying we start to understand what they are they want as cuts. not hearing anything from the president. made me feel grim about the fiscal cliff, good about what the fed wants to do, very grim about the power of the fed, beyond what it's already done. >> the "wall street journal"/nbc news poll of americans about the
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